
China Tobacco
Chinese state-owned company and regulation agency

Chinese state-owned company and regulation agency
China National Tobacco Corporation (CNTC; Chinese: 中国烟草总公司), branded as China Tobacco (中国烟草), is a Chinese central government-owned corporation with nationally chartered monopoly status to manufacture and sell tobacco products in China since 1981. The State Tobacco Monopoly Administration (STMA; 国家烟草专卖局) is a Chinese central government agency responsible for national tobacco monopoly regulation, under the Ministry of Industry and Information Technology. Chartered in 1984 through the policy of one institution with two names, the two agencies are co-located in the same office and share the same website. China Tobacco enjoys a legal monopoly in the country, accounting for 96% of cigarette sales in the country, and is the world's largest manufacturer of tobacco products by revenue.
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